3. Resolution authorities shall decide that an entity is no longer a bridge undertaking in any of the following situations, whichever occurs first:
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(a)
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the bridge undertaking merges with another entity;
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(b)
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the bridge undertaking ceases to meet the requirements of Article 32(2);
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(c)
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all or substantially all of the bridge undertaking’s assets, rights or liabilities are sold to a third-party purchaser;
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(d)
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the bridge undertaking’s assets are completely wound down and its liabilities are completely discharged.
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